Mr. Thakrit Chatcherdsak, Assistant Director of Krungsri Capital Securities’ Research Department, during the “Kaohoon” program on January 29, 2026, expects today’s resistance level for the Stock Exchange of Thailand (SET) Index to be 1,345 points, with the index likely to move sideways-up, following the strong rally since the beginning of the year.
He also highlighted two positive catalysts. First is the U.S. Federal Reserve meeting, which signaled a dovish stance. Based on the U.S. consumer confidence level, which is the lowest it has been in a decade, KSS estimated that the Fed will begin cutting interest rates in the second quarter, with a total of three cuts this year. This would benefit Asian currencies and attract significant capital inflows.
The second catalyst is MSCI’s possible revision of its free-float criteria, which could significantly impact the Indonesian market as a large amount of capital may shift to other markets, including Thailand. In addition, Thailand’s election period could further help attract these inflows.
Regarding investment strategy, Mr. Thakrit highlighted stocks with strong supporting factors. He recommended those with potential for strong fourth-quarter performance, such as Bangchak Corporation PCL (SET: BCP), PTT PCL (SET: PTT), and Gulf Development PCL (SET: GULF) from refinery and power plant sectors.
He also pointed to the tourism sector, which is supported by several factors, including the appointment of Lalisa “Lisa” Manobal as tourism ambassador, the long Chinese New Year holiday, and China–Japan tensions that divert tourists to Thailand. Mr. Thakrit recommended Central Plaza Hotel PCL (SET: CENTEL) and Asset World Corp PCL (SET: AWC).
